Ian King: Room For Growth In Cryptocurrency Markets

March 26, 2018 •
divinefuel

Banyan Hill publishing is home to one of the world’s leading experts on cryptocurrency trading Ian King Banyan. Through his incredibly popular crypto advisory column crypto profits, he helps to advise members of the general populace around the world on potential investment opportunities in the world of cryptocurrencies. Ian King believes that the market capitalization of cryptocurrency still has room to grow exemplified in the recent launch of new trading platform RobinHood. This application has been in use for a long time to help everyday individuals invest in stocks and options but has recently added the ability to trade the new popular asset class cryptocurrencies.

The most exciting thing about this new option for trading Google currencies is the complete lack of fees associated with purchases through the platform. Since the app opened its doors to new members in January over 1 million people, have subscribed to the service. It is in direct competition with the United States currently most popular crypto trading platform Coinbase. While this platform is known to charge anywhere from 1.5% to 4% in fees on trades the new platform has none of these. Since Robinhood first added the ability to trade cryptocurrencies on their platform its user base has grown by over 25% signifying the immense popularity of these digital assets. While this significant growth is remarkable cryptocurrencies are still under-owned as an asset class. While more than half of Americans have heard of the Bitcoin’s and other cryptocurrency technologies less than 10% actually have invested any amount of money in them.

Ian King Banyan believes that this lack of ownership is due to the general populace is lack of understanding of the new technologies. While cryptocurrencies still have room to grow the overall implications in the real world that decentralized public ledger technology has is staggering. No longer will there need to be intermediaries for transactions. Instead, individuals will be able to exchange value across borders instantaneously in a network which is entirely immutable. This has caused organizations and governments around the world to take notice. In fact, the total market capitalization of cryptocurrencies experienced explosive growth just last year. By growing to over $800 billion in market capitalization, this represents over five times its initial market capitalization at the start of the year. Ian King believes that this is one of the most exciting investment opportunities available to the general populace today and will continue to provide significant returns for the foreseeable future. View: https://ideamensch.com/ian-king/